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SADAD Payment System

Index SADAD Payment System

SADAD Payment System (SADAD) was established by the Saudi Arabian Monetary Agency (SAMA) to be the national Electronic Bill Presentment and Payment (EBPP) service provider for the Kingdom of Saudi Arabia (KSA). [1]

9 relations: Bank, Branch (banking), Bupa Arabia, E-commerce payment system, Electronic billing, Payment, Saudi Arabia, Saudi Arabian Monetary Authority, Saudi Payments Network (mada).

Bank

A bank is a financial institution that accepts deposits from the public and creates credit.

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Branch (banking)

A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution (including a brokerage firm) offers a wide array of face-to-face and automated services to its customers.

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Bupa Arabia

Bupa (pronounced) Arabia for Cooperative Insurance is a Saudi-owned and operated publicly traded company with SR 800 million in paid up capital.

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E-commerce payment system

An e-commerce payment system facilitates the acceptance of electronic payment for online transactions.

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Electronic billing

Electronic billing or electronic bill payment and presentment, is when a company, organization, or group sends its bills over the internet, and customers pay the bills electronically.

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Payment

A payment is the trade of value from one party (such as a person or company) to another for goods, or services, or to fulfill a legal obligation.

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Saudi Arabia

Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a sovereign Arab state in Western Asia constituting the bulk of the Arabian Peninsula.

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Saudi Arabian Monetary Authority

The Saudi Arabian Monetary Authority (SAMA; مؤسسة النقد العربي السعودي), established in 1952, is the central bank of the Kingdom of Saudi Arabia.

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Saudi Payments Network (mada)

The Saudi Payments Network or mada or (SPAN Formerly) is the only and major payment system in the kingdom of Saudi Arabia.

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SADAD.

References

[1] https://en.wikipedia.org/wiki/SADAD_Payment_System

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